Oil Prices Dip
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Gas prices in the Netherlands and Britain traded within a narrow range Tuesday morning as temperatures remained stable and heating demand was lower.
European gas prices were being supported by potential for increased demand as traders worry wind and solar output could be hit by calm and foggy conditions, ANZ said.
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Europe's Natural Gas Futures Draw Record Open Interest
Europe's benchmark natural gas futures see record open interest as colder weather and market uncertainties drive increased trading activity.
0958 GMT – European natural-gas prices rise 2% in midday trade, with the benchmark Dutch TTF contract at 35.53 euros a megawatt hour as high temperatures drive robust power demand for cooling. “The ongoing heatwave is pushing up gas demand from the ...
U.S. natural gas futures were mixed following yesterday’s short-covering rally, with the November contract holding gains and subsequent months ceding some ground.
European natural gas prices steadied after last week’s 8% gain, with traders awaiting fresh signals on short-term supply prospects as well as progress on ending the war in Ukraine. Benchmark futures remained in the narrow range near €33 a megawatt-hour ...
The natural gas market continues to see buyers, as we are jumping at the open again. With the colder temperatures coming to the United States and Europe, this means that demand is going to climb.
The Israel-Iran conflict has driven up diesel, jet fuel, and gas prices. With 20% of global LNG flowing through the Strait of Hormuz, even threats of disruption have raised EU gas prices by 20%. Europe’s refusal to sign long-term LNG deals or develop ...
Any increase in European gas prices as a result of Ukraine’s purchases is nevertheless likely to be mitigated by the abundance of global liquefied natural gas supplies. Russia stepped up attacks on Ukraine's energy grid and gas production facilities in recent days as the war enters its fourth winter.
EU energy payments to Moscow have come under renewed scrutiny after U.S. President Donald Trump demanded that Europe cease all purchases. While the EU has cut its reliance on Russian energy by 90% since 2022, it has still imported more than 11 billion euros’ worth of Russian energy so far this year.
The European Union will be able to fully replace Russian liquefied natural gas imports with alternative supply from 2027 without major price shocks, thanks to booming projects in the United States and Qatar,
Ukrainian President Volodymyr Zelensky has urged the United States to expand sanctions on Russia’s two biggest oil companies to the whole sector.